Houthis threaten global oil flow by targeting Saudi energy corridor
TL;DR
Iran-backed Houthis have advanced along Yemen’s coast, gaining control of Bab al-Mandeb Strait and threatening Saudi energy infrastructure, including the 745-mile East-West pipeline and the Abqaiq oil processing plant, risking a sizable share of global crude supply and higher prices as shipping routes could be rerouted via Suez; Saudi exports through the Red Sea have fallen, and experts warn that damage to any segment could cripple the pipeline, underscoring the vulnerability of the world’s energy markets to the Yemen conflict.
- Iran is now threatening world’s largest oil facility and vast pipeline after Houthi attacks escalate New York Post
- Oil squeeze tightens as Iran-backed attacks cripple Hormuz escape routes foxnews.com
- Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage Bloomberg.com
- How Iran's regional allies' attacks in Yemen are compounding the war's impact on oil prices CBS News
- Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock cnbc.com
Want the full story? Read the original reporting
Read on New York Post